English Edition

IEA: Oil Prices Remain at Elevated Levels Driven by Market Fundamentals

Πεμ, 19 Μαΐου 2011 - 17:41

The IEA Governing Board, at its regular quarterly meeting on 18-19 May, examined oil market developments and their impact on the global economy. Despite a near-10% correction since 5 May, oil prices remain at elevated levels driven by market fundamentals, geopolitical uncertainty and future expectations.

GDF Suez Exec Sees Europe Gas Market Oversupplied For Years

Πεμ, 19 Μαΐου 2011 - 17:30

European natural gas markets will remain oversupplied in the foreseeable future, despite supply disruptions due to the political upheaval in key North African producer countries such as Libya, said GDF Suez SA's (GSZ.FR) co-CEO Jean-Francois Cirelli Thursday.

TNK-BP Board Meeting Brings BP, AAR Face To Face

Πεμ, 19 Μαΐου 2011 - 17:30

BP PLC (BP.LN) and its partners in the Russian joint venture TNK-BP Ltd. are meeting Thursday and Friday in Cyprus for a scheduled board meeting, their first since BP's multi-billion pact with Rosneft (ROSN.RS) elapsed, a BP spokesman confirmed Thursday.

EU Nuclear Stress Tests Plan Blocked, Talks Continue

Πεμ, 19 Μαΐου 2011 - 17:30

Germany and Austria have blocked a plan backed by several European Union countries that would have set criteria for EU nuclear reactor safety checks to protect against natural disasters, calling for even stronger "stress tests" and demanding that experts independent of the nuclear industry should conduct them, said Austrian and Czech government officials.

EU Agrees To Significantly Expand Iran Sanctions

Πεμ, 19 Μαΐου 2011 - 17:29

The European Union has agreed to significantly expand its sanctions against Iran over its refusal to freeze its disputed nuclear activities, European diplomats said Thursday.

Gazprom Rejects Changes To Long-Term Gas Contracts

Πεμ, 19 Μαΐου 2011 - 17:29

Russian natural gas company Gazprom OAO (GAZP.RS) continues to reject changing the commercial terms of its long-term natural gas delivery contracts with major European importers, Gazprom's Vice Chairman Alexander Medvedev said Thursday at a gas storage conference in Salzburg.

Czechs Moving Ahead With Nuclear Expansion - PM

Πεμ, 19 Μαΐου 2011 - 17:28

Czechs will move ahead with their nuclear energy expansion plans and want to retain sovereign control over the country's electricity generation mix, significantly depending on nuclear generators, the Czech Prime Minister said Thursday.

Beyond Arctic Petroleum

Πεμ, 19 Μαΐου 2011 - 17:11

2011 hasn't been a good year for BP. One year after Macondo, the ailing oil giant has failed to seal a signature deal with Rosneft that would have boosted its reserves and long term production outlook. It remains stuck with its TNK partners of old, unable to broker an amicable divorce in favour a more attractive (and better endowed) Russian bride.